So is anyone here using the original Randy Candles other than me? I have looked at all the other improvements and honestly don't see any advantage at all to adding them to the original system. All they seem to be doing is adding a good case of multicollinearity to the system. It seems to me all the info and feedback you need is provided with HA candles, bars, and MA's.
The MA's show the trend along with the HA candles/wicks. The HA candles/wicks also show the momentum or lack there of (so do the MA line arguments). These do a damn good job of showing both and I dont see that additional indicators are providing any NEW useful info.
Multicollinearity - StockCharts.com
What we need to work on is solid exit rules and money mgt/trade mgt rules such as splitting the trade into 2 lots and TP lot 1 at 10 pips and move the other lot to BE and let it ride until we get a clear exit signal OR things like qualifying our inital trade entry by putting a limit order for entry say 5-10 pips below current market (if going long) to catch those extra pips that would have been heat as profit.
Anyway, I'm not attacking anyone, being a smartass, etc., just throwing my personal opinion out there to try to keep Randy's original system going and improve it instead muddle it up with additional pretty colors and flashing lights
